Kamarajar Port Invites Investment Bankers for Proposed ₹1,200 Crore IPO

The Chennai Port Authority is seeking up to three bookrunning lead managers to structure and manage Kamarajar Port's proposed IPO, which includes a ₹1,200 crore offer for sale.

The public issue will make Kamarajar Port the country's only listed state-backed port and is likely to be completed within calendar 2027.

Kamarajar Port handled 49.08 million tonnes of cargo and reported a 9% rise in revenue to ₹1,239 crore in fiscal year 2026.